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10:10 29 July
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SOCAR Turkey Energy holding talks with BSTDB to acquire equity in TANAP

Baku. Agshin Rafigoglu - APA-Economics. The Black Sea Trade and Development Bank (BSTDB) is ready to support SOCAR Turkey Energy to acquire 7% equity in Trans Anatolian Pipeline (TANAP), APA-Economics reports citing to bank’s website.

The Bank said it may support acquisition of 7% equity by SOCAR Turkey Energy in TANAP adn is ready to evaluate the proposal. 

 

Moreover, the bank also stated that it is ready to restructure the loans aloocated to the company earlier.

 

SOCAR Turkey Energy intends to get 7% equity from SOCAR which has 58% equity in TANAP.

 

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